Global On-Board Charger (OBC) Market – Analysis and Forecast (2021-2027)

Industry Insights by Propulsion Type (Battery Electric Vehicle [BEV] and Plug-in Hybrid Electric Vehicle [PHEV]), by Power Output (Less than 10 KW, 10 KW–20 KW, and More than 20 KW), by Vehicle Type (Passenger Vehicle and Commercial Vehicle)

Industry Overview

The global on-board charger market was valued at USD 1.4 billion in 2019 and is expected to reach USD 4.4 billion by 2027, growing at a CAGR of 17.2% during 2021-2027. The global on-board charger market is growing at a remarkable rate with rise in electric vehicle on road. Further, with the growing adoption of electric vehicle globally, the number of on-board chargers is also growing at large scale. The concern related to running out of charge and getting stuck are some of the factors driving the on-board charger penetration.

The on-board chargers are used by different electric vehicles (including BEV and PHEV) to charge the traction battery. Such chargers convert the AC input from the grid to a DC input which charges the vehicle battery.

Market Segmentation

Insight by Propulsion Type

On the basis of propulsion type, the market is bifurcated into battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV). Among these propulsion types, battery electric vehicle segment captures larger market share in 2020. However, plug-in hybrid electric vehicle is rapidly expanding its market in developed countries and is expected to grow at faster rate during the forecast period.

Insight by Power Output

On the basis of power output, the market is subdivided into less than 10 KW, 10 KW–20 KW, and more than 20 KW Market. Among these, less than 10 KW charger type accounted for the foremost share in 2020 with most preferred charging output in China and Europe where density of electric vehicle is largest in current phase.

Industry Dynamics

Industry Trends

One of the key trends in on-board charger market is a gradual shift towards bi-directional charging or vehicle to grid (V2G) charging model. This technology enables the electric energy to be pushed back to the grid from the battery of an electric vehicle and will as a result help in energy saving.

Growth Drivers

A major success factor for on-board charger market is its high efficiency with a high-power density for a small form factor. Further, other significant reason behind success of on-board charger is stringent government regulations supporting electric vehicle adoption. All these factors will impact the on-board charger progression in the market in near future.

Challenges

Availability of other charging types in market supporting electric vehicle charging at low price is a challenge for this market. Whereas, increasing deployment of fast chargers at different public places such as highways, malls, logistics plants, etc. are factors obstructing the on-board charger market.

Geographic Overview

Geographically, APAC, mainly China is the largest on-board charger market with the largest number of electric vehicle production. It is expected that China will lead in the number of electric vehicle production and sales, as a result, there will be growth in demand for on-board chargers as well.

Further, Europe holds the second-largest position in on-board charger sales, due to the growing electric vehicle adoption, and the increasing deployment of connected cars. In addition, North America will be fastest-growing region deploying the electric vehicle during the forecast period, this as result is also creating a positive impact on the on-board charger market growth.

Competitive Insight

The on-board charger market is very much fragmented with large number of small and large size players operating in the market. The regional players have main focus in the domestic region only, however, the global players are expanding their footprint globally. Further, new product development and global expansion are the key strategies adopted by the market players. For instance, in March 2019, Tesla Inc., one of the largest players in the market launched Supercharger called V3 at its California plant.

Some of the key players operating in the on-board charger market are STMicroelectronics, Delphi Technologies, Infineon Technologies AG, Delta-Q Technologies Corporation, Eaton Corporation, AVID Technology, NXP Semiconductor N.V., Texas Instruments, Lear Corporation, and NOCO Company.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry include CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end-user surveys comprising of consumers are also conducted to understand consumer behaviour.

Source: VynZ Research

Source: VynZ Research

1.    Research Overview 
        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Power Output 
                1.2.2.    By Propulsion Type
                1.2.3.    By Vehicle Type
                1.2.4.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1.    Primary Research
                        1.5.1.2.    Secondary Research
                1.5.2.    Methodology
                        1.5.2.1.    Data Exploration
                        1.5.2.2.    Forecast Parameters
                        1.5.2.3.    Data Validation
                        1.5.2.4.    Assumptions
                1.5.3.    Study Period & Data Reporting Unit
2.    Executive Summary
3.    Industry Overview
        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis
4.    Global Market Estimate and Forecast
        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2027
5.    Market Segmentation Estimate and Forecast
        5.1.    By Power Output 
                5.1.1.    Less than 10 KW
                        5.1.1.1.    Market Definition
                        5.1.1.2.    Market Estimation and Forecast to 2027
                5.1.2.    10 KW–20 KW
                        5.1.2.1.    Market Definition
                        5.1.2.2.    Market Estimation and Forecast to 2027
                5.1.3.    More than 20 KW
                        5.1.3.1.    Market Definition
                        5.1.3.2.    Market Estimation and Forecast to 2027
        5.2.    By Propulsion Type
                5.2.1.    Battery Electric Vehicle (BEV) 
                        5.2.1.1.    Market Definition
                        5.2.1.2.    Market Estimation and Forecast to 2027
                5.2.2.    Plug-in Hybrid Electric Vehicle (PHEV) 
                        5.2.2.1.    Market Definition
                        5.2.2.2.    Market Estimation and Forecast to 2027
        5.3.    By Vehicle Type
                5.3.1.    Passenger Car
                        5.3.1.1.    Market Definition
                        5.3.1.2.    Market Estimation and Forecast to 2027
                5.3.2.    Commercial Vehicle
                        5.3.2.1.    Market Definition
                        5.3.2.2.    Market Estimation and Forecast to 2027
6.    North America Market Estimate and Forecast
        6.1.    By Power Output 
        6.2.    By Propulsion Type
        6.3.    By Vehicle Type
        6.4.    By Country
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast
7.    Europe Market Estimate and Forecast
        7.1.    By Power Output 
        7.2.    By Propulsion Type
        7.3.    By Vehicle Type
        7.4.    By Country
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    France Market Estimate and Forecast
                7.4.3.    U.K. Market Estimate and Forecast
                7.4.4.    Italy Market Estimate and Forecast
                7.4.5.    Spain Market Estimate and Forecast
                7.4.6.    Rest of Europe Market Estimate and Forecast
8.    Asia-Pacific Market Estimate and Forecast
        8.1.    By Power Output 
        8.2.    By Propulsion Type
        8.3.    By Vehicle Type
        8.4.    By Country 
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Singapore Market Estimate and Forecast
                8.4.6.    Rest of Asia-Pacific Market Estimate and Forecast
9.    Rest of the World (RoW) Market Estimate and Forecast
        9.1.    By Power Output 
        9.2.    By Propulsion Type
        9.3.    By Vehicle Type
        9.4.    By Country
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    Saudi Arabia Market Estimate and Forecast
                9.4.3.    South Africa Market Estimate and Forecast
                9.4.4.    Other Countries Market Estimate and Forecast
10.    Company Profiles
        10.1.    STMicroelectronics 
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Delta-Q Technologies Corporation
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Delphi Technologies
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Eaton Corporation
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    AVID Technology
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Infineon Technologies AG
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    NXP Semiconductor N.V.
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Texas Instruments
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Lear Corporation
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    NOCO Company
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments
11.    Appendix
        11.1.    Exchange Rates
        11.2.    Abbreviations
Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global On-Board Charger Market Size, by Propulsion Type, 2015 – 2020 (USD Million)
Table 5 Global On-Board Charger Market Size, by Propulsion Type, 2021 – 2027 (USD Million)
Table 6 Global On-Board Charger Market Size, by Power Output, 2015 – 2020 (USD Million)
Table 7 Global On-Board Charger Market Size, by Power Output, 2021 – 2027 (USD Million)
Table 8 Global On-Board Charger Market Size, by Vehicle Type, 2015 – 2020 (USD Million)
Table 9 Global On-Board Charger Market Size, by Vehicle Type, 2021 – 2027 (USD Million)
Table 10 Global On-Board Charger Market Size, by Region, 2015 – 2020 (USD Million)
Table 11 Global On-Board Charger Market Size, by Region, 2021 – 2027 (USD Million)
Table 12 North America On-Board Charger Market Size, by Propulsion Type, 2015 – 2020 (USD Million)
Table 13 North America On-Board Charger Market Size, by Propulsion Type, 2021 – 2027 (USD Million)
Table 14 North America On-Board Charger Market Size, by Power Output, 2015 – 2020 (USD Million)
Table 15 North America On-Board Charger Market Size, by Power Output, 2021 – 2027 (USD Million)
Table 16 North America On-Board Charger Market Size, by Vehicle Type, 2015 – 2020 (USD Million)
Table 17 North America On-Board Charger Market Size, by Vehicle Type, 2021 – 2027 (USD Million)
Table 18 North America On-Board Charger Market Size, by Country, 2015 – 2020 (USD Million)
Table 19 North America On-Board Charger Market Size, by Country, 2021 – 2027 (USD Million)
Table 20 Europe On-Board Charger Market Size, by Propulsion Type, 2015 – 2020 (USD Million)
Table 21 Europe On-Board Charger Market Size, by Propulsion Type, 2021 – 2027 (USD Million)
Table 22 Europe On-Board Charger Market Size, by Power Output, 2015 – 2020 (USD Million)
Table 23 Europe On-Board Charger Market Size, by Power Output, 2021 – 2027 (USD Million)
Table 24 Europe On-Board Charger Market Size, by Vehicle Type, 2015 – 2020 (USD Million)
Table 25 Europe On-Board Charger Market Size, by Vehicle Type, 2021 – 2027 (USD Million)
Table 26 Europe On-Board Charger Market Size, by Country, 2015 – 2020 (USD Million)
Table 27 Europe On-Board Charger Market Size, by Country, 2021 – 2027 (USD Million)
Table 28 Asia-Pacific On-Board Charger Market Size, by Propulsion Type, 2015 – 2020 (USD Million)
Table 29 Asia-Pacific On-Board Charger Market Size, by Propulsion Type, 2021 – 2027 (USD Million)
Table 30 Asia-Pacific On-Board Charger Market Size, by Power Output, 2015 – 2020 (USD Million)
Table 31 Asia-Pacific On-Board Charger Market Size, by Power Output, 2021 – 2027 (USD Million)
Table 32 Asia-Pacific On-Board Charger Market Size, by Vehicle Type, 2015 – 2020 (USD Million)
Table 33 Asia-Pacific On-Board Charger Market Size, by Vehicle Type, 2021 – 2027 (USD Million)
Table 34 Asia-Pacific On-Board Charger Market Size, by Country, 2015 – 2020 (USD Million)
Table 35 Asia-Pacific On-Board Charger Market Size, by Country, 2021 – 2027 (USD Million)
Table 36 RoW On-Board Charger Market Size, by Propulsion Type, 2015 – 2020 (USD Million)
Table 37 RoW On-Board Charger Market Size, by Propulsion Type, 2021 – 2027 (USD Million)
Table 38 RoW On-Board Charger Market Size, by Power Output, 2015 – 2020 (USD Million)
Table 39 RoW On-Board Charger Market Size, by Power Output, 2021 – 2027 (USD Million)
Table 40 RoW On-Board Charger Market Size, by Vehicle Type, 2015 – 2020 (USD Million)
Table 41 RoW On-Board Charger Market Size, by Vehicle Type, 2021 – 2027 (USD Million)
Table 42 RoW On-Board Charger Market Size, by Country, 2015 – 2020 (USD Million)
Table 43 RoW On-Board Charger Market Size, by Country, 2021 – 2027 (USD Million)
Table 44 Snapshot – STMicroelectronics
Table 45 Snapshot – Delphi Technologies
Table 46 Snapshot – Infineon Technologies AG
Table 47 Snapshot – Delta-Q Technologies Corporation
Table 48 Snapshot – Eaton Corporation
Table 49 Snapshot – AVID Technology
Table 50 Snapshot – NXP Semiconductor N.V.
Table 51 Snapshot – Texas Instruments
Table 52 Snapshot – Lear Corporation
Table 53 Snapshot – NOCO Company

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global On-Board Charger Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global On-Board Charger Market Highlight
Figure 12 Global On-Board Charger Market Size, by Propulsion Type, 2015 – 2027 (USD Million)
Figure 13 Global On-Board Charger Market Size, by Power Output, 2015 – 2027 (USD Million)
Figure 14 Global On-Board Charger Market Size, by Vehicle Type, 2015 – 2027 (USD Million)
Figure 15 Global On-Board Charger Market Size, by Region, 2015 – 2027 (USD Million)
Figure 16 North America On-Board Charger Market Highlight
Figure 17 North America On-Board Charger Market Size, by Propulsion Type, 2015 – 2027 (USD Million)
Figure 18 North America On-Board Charger Market Size, by Power Output, 2015 – 2027 (USD Million)
Figure 19 North America On-Board Charger Market Size, by Vehicle Type, 2015 – 2027 (USD Million)
Figure 20 North America On-Board Charger Market Size, by Country, 2015 – 2027 (USD Million)
Figure 21 Europe On-Board Charger Market Highlight
Figure 22 Europe On-Board Charger Market Size, by Propulsion Type, 2015 – 2027 (USD Million)
Figure 23 Europe On-Board Charger Market Size, by Power Output, 2015 – 2027 (USD Million)
Figure 24 Europe On-Board Charger Market Size, by Vehicle Type, 2015 – 2027 (USD Million)
Figure 25 Europe On-Board Charger Market Size, by Country, 2015 – 2027 (USD Million)
Figure 26 Asia-Pacific On-Board Charger Market Highlight
Figure 27 Asia-Pacific On-Board Charger Market Size, by Propulsion Type, 2015 – 2027 (USD Million)
Figure 28 Asia-Pacific On-Board Charger Market Size, by Power Output, 2015 – 2027 (USD Million)
Figure 29 Asia-Pacific On-Board Charger Market Size, by Vehicle Type, 2015 – 2027 (USD Million)
Figure 30 Asia-Pacific On-Board Charger Market Size, by Country, 2015 – 2027 (USD Million)
Figure 31 RoW On-Board Charger Market Highlight
Figure 32 RoW On-Board Charger Market Size, by Propulsion Type, 2015 – 2027 (USD Million)
Figure 33 RoW On-Board Charger Market Size, by Power Output, 2015 – 2027 (USD Million)
Figure 34 RoW On-Board Charger Market Size, by Vehicle Type, 2015 – 2027 (USD Million)
Figure 35 RoW On-Board Charger Market Size, by Country, 2015 – 2027 (USD Million)